Revenue Rises As FAAC Allocates N990.18bn To Three Tiers Of Govt

The Federation Account Allocation Committee has shared a total of N990.189bn to the three tiers of government as allocation for the month of December 2022.

From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL), the Federal Government received N375.306bn, the States received N299.557 billion, the Local Government Councils got N221.807 billion.